Venturi Wealth Management LLC Boosts Stake in Robert Half Inc. (NYSE:RHI)

Venturi Wealth Management LLC lifted its holdings in shares of Robert Half Inc. (NYSE:RHI) by 310.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 796 shares of the business services provider’s stock after acquiring an additional 602 shares during the quarter. Venturi Wealth Management LLC’s holdings in Robert Half were worth $54,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Blue Trust Inc. raised its stake in shares of Robert Half by 489.4% in the 2nd quarter. Blue Trust Inc. now owns 389 shares of the business services provider’s stock valued at $25,000 after purchasing an additional 323 shares in the last quarter. V Square Quantitative Management LLC bought a new position in Robert Half during the 3rd quarter worth approximately $27,000. Reston Wealth Management LLC acquired a new position in shares of Robert Half in the 3rd quarter worth approximately $34,000. Versant Capital Management Inc bought a new stake in shares of Robert Half in the 2nd quarter valued at approximately $35,000. Finally, Family Firm Inc. acquired a new stake in shares of Robert Half during the 2nd quarter valued at approximately $45,000. Hedge funds and other institutional investors own 92.41% of the company’s stock.

Robert Half Stock Down 2.6 %

Robert Half stock opened at $73.42 on Friday. Robert Half Inc. has a 52-week low of $57.05 and a 52-week high of $88.39. The firm has a market capitalization of $7.58 billion, a price-to-earnings ratio of 26.80 and a beta of 1.23. The firm has a 50-day moving average price of $68.00 and a two-hundred day moving average price of $65.74.

Robert Half (NYSE:RHI) last announced its earnings results on Tuesday, October 22nd. The business services provider reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.02. Robert Half had a net margin of 4.84% and a return on equity of 18.78%. The firm had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same quarter in the prior year, the firm posted $0.90 EPS. Robert Half’s revenue was down 6.3% compared to the same quarter last year. Research analysts expect that Robert Half Inc. will post 2.45 earnings per share for the current year.

Robert Half Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, November 25th will be paid a dividend of $0.53 per share. The ex-dividend date is Monday, November 25th. This represents a $2.12 annualized dividend and a yield of 2.89%. Robert Half’s dividend payout ratio is currently 77.37%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on RHI shares. Barclays lowered their target price on shares of Robert Half from $70.00 to $60.00 and set an “underweight” rating for the company in a research note on Friday, July 26th. BMO Capital Markets lowered their price objective on shares of Robert Half from $72.00 to $64.00 and set a “market perform” rating for the company in a research report on Thursday, July 25th. JPMorgan Chase & Co. cut their target price on shares of Robert Half from $70.00 to $69.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Finally, Truist Financial lowered their target price on Robert Half from $72.00 to $62.00 and set a “hold” rating for the company in a report on Friday, July 26th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $69.00.

About Robert Half

Robert Half Inc provides talent solutions and business consulting services in North America, South America, Europe, Asia, and Australia. The company operates through Contract Talent Solutions, Permanent Placement Talent Solutions, and Protiviti segments. The Contract Talent Solutions segment provides contract engagement professionals in the fields of finance and accounting, technology, marketing and creative, legal and administrative, and customer support.